Open Letter to Peguis Members – Don Wilson, Interim CEO and Board Chair of CPIC
/0 Comments/in CPIC Updates, News /by Admin7Dear Peguis First Nation Community Members,
In accordance to our long-standing commitment to accountability and transparency, I am writing to you today on behalf of Chief Peguis Investment Corporation (CPIC) to provide an update to community members in regards to the conclusion of the Inspectorship conducted by Deloitte Restructuring Inc. (Deloitte) as part of our ongoing settlement with Peguis First Nation (PFN). In the interest of providing some background for how this settlement and subsequent Court ordered inspectorship arose, Peguis First Nation and CPIC came to an agreement in November 2023 to settle litigation commenced by PFN in July of 2022 at the direction of the former Chief and Council. As part of this settlement, both parties agreed to appoint an independent accredited accounting firm to be appointed as Inspector to provide a report for PFN and CPIC following a review of CPIC’s business and financial affairs, which can be filed with the Court upon request. CPIC welcomed this court ordered inspectorship as part of the settlement process as we had already made repeated documented and unsuccessful attempts to former Chief and Council representatives offering to provide unfettered access to our financial records months prior to the unnecessary Court action taken against CPIC. Based on best available information and communications, CPIC is confident that a final report has now been completed by Deloitte Restructuring Inc. and should be in the process of being filed with the Courts as part of efforts to conclude the settlement between PFN and CPIC. Read more →
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